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Accounting Interview Questions
Questions Answers Views Company eMail

What are all the items come under P&L and Balance sheet?

EF, TCS, Wipro,

14 57709

what is demand?

4 8523

what is GAAP?

9 13425

Hi May i know i 2 avoid Income Tax.I am getting 1,20,000PA and a house rent of 5000PM,and profit from Agriculture Income of 80,000.Is agriculture Income taken into consideration.If so how 2 calculate further & how much will b the Income TaxI will b getting.

SAT InfoTech,

8 13218

What are the main differences between corporate debt and equity? Why do some firms try to issue equity in the guise of debt?

Pepsi,

8 24104

Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.

OGDCL,

2792

what is the meaning of P/V Ratio?

Chartered Accountant, Deloitte, eForum, GIC, Infosys, TCS, Wipro,

25 167551

what is the meaning of Journal Ledger?

11 30335

Please describe wht is role of a excise officer at time of export despatch wht type of documents use

2239

what is working management?

Genpact,

1 3030

A CAR GIVES 100 KLIO METERS OF TO

2116

WHAT IS THIS ACCOUNT

Genpact,

12 18394

Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

Genpact,

2157

In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

4302

what is cost of goods sold ?

Capital IQ,

21 25398


Un-Answered Questions { Accounting }

What is the mean of statutory audit?

1245


What do you mean by vouching?

1231


What is an audit process?

1255


Mention some of the major contributions made by you in your present and previous jobs

6232


can I add hundreds of fields to a given screen?

418


Expand---------SDRT?

1959


is it necessasary to make a partnership deed

3001


Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?

2456


give the details of overheads which are not included in costing

2014


What is meant by partitioning?

1365


Define the term person?

1158


iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

2069


how to pass journal entries for reverse tax on input tax paid

2786


Productive Investment is Working Capital. Is it correct?

1732


fd redeem interest and principal entry in tally

1272